• ICAEW
  • SAGE

 

0161 928 3276

 

 

We understand our clients

Tax Calendar 2023/2024

December 2023
January 2024
01Due date for payment of Corporation Tax for the year ended 31 March 2022
14Return and payment of CT61 tax due for quarter to 31 December 2022
19PAYE/NIC, student loan and CIS deductions due for month to 5/1/2023 or quarter 3 of 2022/23 for small employers
22PAYE/NIC, student loan and CIS deductions due for month to 5/1/2023 or quarter 3 of 2022/23 for small employers
31Deadline for filing 2022 Self Assessment personal, partnership and trust Tax Returns - £100 first penalty for late filing even if no tax is due or tax due is paid on time Balancing self assessment payment due for 2021/22 Capital gains tax payment due for 2021/22 First self assessment payment on account due for 2022/23 Interest accrues on all late payments Half yearly Class 2 NIC payment due Further penalty of 5% of tax due or £300, whichever is greater for personal tax returns still not filed for 2020/21 5% penalty for late payment of tax unpaid for 2020/21 self assessment
February 2024
01Individual taxpayers who have not paid their remaining tax and NI liabilities for 2020/21 by this date face a further penalty of greater than 5% of the tax showing as due on the return. Individual taxpayers who have not filed their 2020/21 self-assessment tax return by this date face a further penalty of the greater of £300 and 5% of the tax showing as due on the return.
02Employers must submit Form P46 (Car) to report cars first provided to employees during the quarter to 5 January 2023.
14Last day for employees to apply for deferment of primary class 1 NIC for 2022/23.
March 2024
19PAYE/NIC, student loan and CIS deductions due for month to 5/3/2023
22PAYE/NIC, student loan and CIS deductions due for month to 5/3/2023
31Last minute tax planning for the 2022/23 tax year. Ensure you use up all exemptions to which you are entitled
April 2024
05Last opportunity to utilise income tax personal allowances, annual ISA allowances, and exemptions for CGT and IHT for 2022/23. Last day to claim exemption from Class 4 NIC for 2022/23 where earnings are also subject to Class 1 NIC. Final day for claims for 2018/19 relating to personal allowances, remittance basis, terminal loss relief, overlap relief, carry-forward of trading losses, and capital losses. The deadline to claim an asset became of negligible value or loan to a trader became unrecoverable in 2020/21.
11Last day to set up a variable direct debit to pay PAYE for payment this month.
19Employers must make final RTI payroll report for 2022/23 using FPS or EPS.
22PAYE, NIC, and student loan deductions are to be paid to HMRC by electronic means for the month of 5 April 2023, unless the employer has set up a direct debit so HMRC can collect the amounts due.
30Daily £10 late filing penalties start to apply to outstanding 2021/22 self-assessment returns. Any IHT due on lifetime transfers between 6 April and 30 September 2022 is due. ATED returns and ATED relief declarations must be filed for 2023/24. The ATED charge must be paid for 2023/24.
01Where the taxpayer has not submitted their 2021/22 self-assessment tax return by midnight the following penalties apply: for online filing - £10 daily penalties for filing on paper - the greater of £300 or 5% of the tax showing on the return.
May 2024
01Where the taxpayer has not submitted their 2021/22 self-assessment tax return by midnight the following penalties apply: for online filing - £10 daily penalties for filing on paper - the greater of £300 or 5% of the tax showing on the return.
03 Employers must submit the form P46 (Car) to HMRC for employees who have been provided with a company car for the first time during the quarter to 5 April 2023.
31Employers must provide a form P60 for 2022/23 to those employees who they employed on 5 April 2023. Returns under the Crown Dependencies and Overseas Territories reporting rules due for the year to 31 December 2022. FATCA returns must be submitted to the IRS for the year to 31 December 2022

 

To work Smarter in your Business Contact Beauchamp Charles

Contact Us

"Join our newsletter for hints, tips and tax advice"

 

What our clients say

Dakins Property Services

Great Results, Personable, High Integrity

Choice Events Limited

All at Beauchamp Charles are very helpful, approachable and easy to talk to. They keep me informed with key dates; I can feel totally confident that I won't ever miss any deadlines! Whoever I deal with, always deal with matters professionally and efficiently and if they are unavailable they get back to me promptly.

FT leisure Ltd

I have worked with Beauchamp Charles as our management accountants for over 20 years and have never received anything less than exceptional service. Their approach is both professional and personal. Finances and particularly tax strategies are a minefield for small businesses; Beauchamp Charles have in-depth knowledge of these area, which is comforting. They pay very close attention to our business activities and have provided financial strategies that have helped our company develop.

Fredrick Thomas Electrical and Maintenance

We have used Beauchamp Charles since company formation back in 1998. Beauchamp Charles offers us a one to one service as they are small enough to offer this dedicated service and large enough to do the work and offer best advice. They get to know us as individuals and a business, always giving sound advice. Frederick Thomas Electrical are in a stronger place thanks to the service we get from them.

Barnes Walker Landscapes Limited

We are a small business and had employed the same accountancy firm for many years. Two years ago we took the decision to switch to Beauchamp Charles after several othe local businesses recommended them very highly to us. We have not been disappointed with the service they have provided to us over these last two years.